FANTASTIC FOUR Blamed For Declining FOX Revenue

Still from 'Fantastic Four'
Still from 'Fantastic Four'
Credit: 20th Century Fox

How bad was the box office for the recent Fantastic Four movie? Bad enough to be called a major reason why 21st Century Fox posted a decline in revenue compared to last year.

In a quarterly earnings call, chairmen Rupert and Lachlan Murdoch reported a decline in revenue much bigger than anticipated, with its film division dropping 28% in revenue.

"The quarterly results reflect the expected impact of challenging comparisons for our film studio due to the timing of key releases, as well as the poor performance of Fantastic Four." said the elder Murdoch. "We are pleased with the recent success of The Martian, and as we look forward, we have an exciting film slate, which includes this weekend’s The Peanuts Movie, the holiday release of Joy, as well as the summer releases of the newest X-Men and Independence Day."

The Hollywood Reporter estimates that with Fantastic Four resulted in a $60 million to $100 million loss for the company on its own.

Fox made no statements regarding the June 9, 2017 sequel, which was announced well before the first film was released.

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